Northern Genesis Acquisition II (Northern Genesis Acquisition II) Gross Profit : $0.00 Mil (TTM As of Sep. 2020)

Northern Genesis Acquisition II Gross Profit Chart

Competitive Comparison of Northern Genesis Acquisition II's Gross Profit

For the Shell Companies subindustry, Northern Genesis Acquisition II's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Northern Genesis Acquisition II's Gross Profit Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Northern Genesis Acquisition II's Gross Profit distribution charts can be found below:

* The bar in red indicates where Northern Genesis Acquisition II's Gross Profit falls into.

Northern Genesis Acquisition II Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Northern Genesis Acquisition II's Gross Profit for the fiscal year that ended in . 20 is calculated as

Northern Genesis Acquisition II's Gross Profit for the quarter that ended in Sep. 2020 is calculated as

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Gross Profit for the trailing twelve months (TTM) ended in Sep. 2020 was $0.00 Mil.

Gross Profit is the numerator in the calculation of Gross Margin. (Note that if there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.)

Northern Genesis Acquisition II's Gross Margin % for the quarter that ended in Sep. 2020 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Northern Genesis Acquisition II  (NYSE:NGAB.U) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Northern Genesis Acquisition II had a gross margin of N/A% for the quarter that ended in Sep. 2020 => No sustainable competitive advantage

Northern Genesis Acquisition II Gross Profit Related Terms

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Northern Genesis Acquisition II (Northern Genesis Acquisition II) Business Description